BluePhoenix Solutions

Last updated
BluePhoenix Solutions Ltd.
Company type Public
Nasdaq:  BPHX
Industry Technology
PredecessorA. Crystal Solutions Ltd.(1987–1996)
Crystal Systems Solutions Ltd. (1996–2003)
Headquarters,
Israel
Key people
  • Matt Bell
  • Rick Oppedisano
  • John Regan
  • David Wurman
  • Itai Ben-Dor
  • Yuri Steinschreiber
  • Florin Sunel
Services Business software
Number of employees
105
Website www.bphx.com

BluePhoenix Solutions Ltd. is a publicly traded company, headquartered in Israel, that develops and sells modernization services for legacy information technology systems. Its shares are traded on the NASDAQ Global Market exchange. The company partners with systems integrators like IBM, Microsoft, Oracle and Dell to deliver its software and services.

Contents

Company

BluePhoenix Solutions specializes in the modernization of corporate legacy databases and applications. The firm's automated translation platform serves as a base to provide services for clients updating legacy systems to more modern computing platforms.

History

BluePhoenix Solutions was founded by Aaron Crystal in 1987 under the name A. Crystal Solutions. Soon afterwards Formula Systems acquired control of the company, while the founder retained some of his shares and continued to serve as the company's CEO until 1996, when its name was changed to Crystal Systems Solutions and it went public on Nasdaq under the leadership of Dan Goldstein and his brother Gad. In January 1997 the company's shares began trading on what was then the NASDAQ National Market under the symbol CRYSF. Among the company's clients were Microsoft, Synopsys and Bank Leumi. In 2003 the name Crystal Systems was changed again, this time to BluePhoenix Solutions, subsequent to a merger of Crystal Systems with Liraz Systems, of which BluePhoenix was a subsidiary. BluePhoenix functioned as a subsidiary of Formula Systems until June 2007, when Formula sold its shares in the company to international institutional investors. In 2009, BluePhoenix Solutions acquired DSKnowledge Ltd. [1] In 2012, a new investment group appointed Matt Bell CEO. [2] Bell conducted a dramatic reorganization, strengthening the company's financials and refocusing on core legacy modernization solutions.

In February, 2004, BluePhoenix Solutions joined the Object Management Group (OMG), with full voting rights and the ability to submit proposals. [3]

The company's translation platform converts customers from COBOL, Natural/ADABAS, JCL, ICL, IDMS, IMS and to modern platforms like C#, SQL Server, Java, IBM Db2 and more. A project Ringmaster was promoted in 2013. [4] [5]

In 2014, BluePhoenix and ATERAS Complete Merger and Commence Operations as Modern Systems (details). In 2020 Modern Systems got acquired by OneAdvanced.

Management

The company's management team in 2013 was Bell, Yuri Steinschreiber as VP of technology, Rick Oppedisano as VP of marketing and product management. [6]

Acquisitions

CompanyYearPriceReference
SDC-FinansSystem
2002
 
[7]
IntraComp
2003
 
[8]
CePost
2004
 
[9]
CodeStream Software (Xitec)
2006
 
ASNA
2007
 

See also

Related Research Articles

<span class="mw-page-title-main">Infosys</span> Indian multinational technology company

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company, after Tata Consultancy Services, by 2020 revenue figures.

<span class="mw-page-title-main">Singapore Exchange</span> Investment holding company in Singapore

Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. it is ASEAN's second largest market capitalization after Indonesia Stock Exchange at US$585.97 billion as of September 2023.

Hexagon AB is a multinational industrial technology company. Headquartered in Stockholm, Sweden and publicly traded on the Nasdaq Stockholm exchange, the company since 2000 has had a particular focus on measuring technology and geospatial tools and software. After its founding, between 2000 and 2022, Hexagon completed more than 170 acquisitions, and it is the parent company of Leica Geosystems and Infor EAM, among other subsidiaries. With around 24,000 employees, Hexagon's revenue in 2023 was US$5.5 billion, while assets were $18.1 billion.

<span class="mw-page-title-main">NICE Ltd.</span> Surveillence and data analytics company in Israel

NICE is an American technology company specializing in customer relations management software, artificial intelligence, digital and workforce engagement management solutions. The company serves various industries, such as financial services, telecommunications, healthcare, outsourcers, retail, media, travel, service providers, and utilities.

<span class="mw-page-title-main">Ansys</span> American technology company

Ansys, Inc. is an American multinational company with its headquarters based in Canonsburg, Pennsylvania. It develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.

net2phone is a Cloud Communications provider offering cloud based telephony services to businesses worldwide. The company is a subsidiary of IDT Corporation.

<span class="mw-page-title-main">ISS A/S</span> Danish facility management company

ISS A/S is a facility management services company founded in Copenhagen, Denmark in 1901. ISS's core services include: security, cleaning, technical, food and workplace. The ISS Group’s revenue amounted to DKK 69.823 billion in 2020 and ISS has nearly 400,000 employees and activities in countries across Europe, Asia, North America, Latin America and the Pacific.

<span class="mw-page-title-main">Kofax</span> American intelligent automation software provider

Kofax Inc. is an Irvine, California-based intelligent automation software provider. Founded in 1985, the company's software allows businesses to automate and improve business workflows by simplifying the handling of data and documents.

Avnet, Inc. is a distributor of electronic components headquartered in Phoenix, Arizona, named after Charles Avnet, who founded the company in 1921. After its start on Manhattan's Radio Row, the company became incorporated in 1955 and began trading on the New York Stock Exchange in 1961. On May 8, 2018, Avnet changed stock markets to Nasdaq, trading under the same ticker AVT.

<span class="mw-page-title-main">Alvarion</span>

Alvarion Technologies is a global provider of autonomous Wi-Fi networks designed with self-organizing capabilities for carrier-grade Wi-Fi, enterprise connectivity, smart city planning, smart hospitality, connected campuses, and connected events.

Tadiran refers to a former Israeli conglomerate, which was founded in 1962 by the merger of two companies, Tadir and Ran. The name of the company is a joining of both companies’ names.

Virtus Investment Partners, Inc. operates a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.

<span class="mw-page-title-main">Sapiens International Corporation</span> Israeli software company

Sapiens International Corporation is a publicly traded company, headquartered in Israel, that develops computer software for the insurance industry.

<span class="mw-page-title-main">Formula Systems</span> Israeli company

Formula Systems is a publicly traded holding company headquartered in Or Yehuda, Israel. Through its subsidiaries it operates mainly in the area of information technology. Shares of Formula Systems are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange. In 2010 Polish software maker Asseco acquired a 50.2% stake in the company.

<span class="mw-page-title-main">ClickSoftware</span>

ClickSoftware is an American technology company which offers automated mobile workforce management and service optimization solutions for enterprise and small businesses, both for mobile and in-house resources. Since 2020, it has been a subsidiary of Salesforce.

B.O.S. Better Online Solutions Ltd. is a publicly traded company, headquartered in Israel, that provides RFID and supply chain solutions. Its shares are traded on the NASDAQ Capital Market.

Pointer Telocation was a publicly traded company, headquartered in Israel, that developed automatic vehicle location solutions and provided roadside automotive service. Its shares were traded on the NASDAQ Capital Market and were listed on the Tel Aviv Stock Exchange until 2012, and then again starting April 2016. In October 2019, the company merged with I.D. Systems, Inc., to form PowerFleet.

Cyren Inc. was a cloud-based Internet security technology company that provided security services and threat intelligence to businesses. It offered a range of services including web security, DNS security, anti-spam solutions, phishing detection, ransomware protection, URL filtering, malware detection, and botnet attack prevention. Cyren also provided endpoint protection for mobile devices and Internet of Things (IoT) gateways. Major clients included Microsoft, Google, Check Point, Dell, T-Mobile, and Intel. The company announced its closure in February 2023.

Numerex Corp. – a wholly owned subsidiary of Sierra Wireless NASDAQ:(SWIR) – is a provider of managed machine-to-machine (M2M) enterprise solutions enabling the Internet of Things (IoT).

<span class="mw-page-title-main">Netcompany</span>

Netcompany is a Danish publicly traded IT consultancy headquartered in Copenhagen, Denmark. Since its founding in 2000, the company has grown, both domestically and internationally, into a company with 10 offices across 6 different countries.

References

  1. "BluePhoenix Solutions Closes Acquisition Of Business Of DSKnowledge - Quick Facts". December 9, 2009. Archived from the original on March 4, 2016. Retrieved Jul 14, 2013.
  2. "BluePhoenix Promotes Matt Bell To President & CEO". Archived from the original on 2016-03-04. BluePhoenix promotes Matt Bell to President and CEO, moves Bar-Kama to Board
  3. "BluePhoenix Joins the Object Management Group as Platform Member".
  4. "BluePhoenix Announces Service Upgrades and New Delivery Platform". 7 February 2013. BluePhoenix announces service upgrade for C# and Java, touches on Ringmaster development efforts.
  5. "BluePhoenix and Police Mutual Team Up To Improve Services for Police Families". BluePhoenix announces completion of a project that will begin to help over 200,000 police officers receive savings, investments and insurance services quicker.
  6. "BluePhoenix Taps Industry Veteran Rick Oppedisano to Lead Marketing". 31 January 2013. BluePhoenix Solutions chooses Rick Oppedisano to help lead growth efforts.
  7. "BluePhoenix Acquires the Activities and Employees of SDC-FinansSystem". Farlex. Thefreelibrary.com. 31 October 2002. Retrieved 8 October 2011. BluePhoenix(TM) Solutions announced today that it has acquired the activities and employees of SDC-FinansSystem owned by Sparekassernes Datacenter (SDC) and ALLTEL Corporation.
  8. "Acquisition results in name change for BluePhoenix's Indiana operations". Triangle Business Journal . 25 August 2003. Retrieved 8 October 2011. IntraComp Group Inc. will become the BluePhoenix Solutions US Solution Center effective Sept. 1 as part of a company-wide consolidation triggered by Cary-based BluePhoenix's acquisition of ICG.
  9. "BluePhoenix Solutions Ltd acquires CePost Ltd". AlacraStore.com. 31 December 2004. Retrieved 8 October 2011.
  10. "CodeStream Software, Ltd.: Private Company Information". Bloomberg Businessweek . Archived from the original on November 1, 2014. Retrieved 8 October 2011. As of December 14, 2006, CodeStream Software, Ltd. operates as a subsidiary of BluePhoenix Solutions Ltd.
  11. Burger, Dan (14 April 2009). Alex, Woodie (ed.). "So Long ASNA--It's BluePhoenix System i Division From Now On". Four Hundred Stuff. IT Jungle. 9 (15). Retrieved 8 October 2011. BluePhoenix purchased ASNA in August 2007.